Category: Retirement

Retirement Series – The Challenges of Changes in Lifestyle, Loneliness and Isolation

monochrome photo of an old man
~ Abdul Majid Mohd Gani

Besides financial and health challenges, retirees go through other changes in their once they stop active employment. We look two of those here, namely change of lifestyle and social isolation. Difficulty adjusting to a change in lifestyle or schedule For many people, work provides structure and purpose in their lives, and retirement can leave a … Continue reading Retirement Series – The Challenges of Changes in Lifestyle, Loneliness and Isolation

Retirement Series – Other Retirement Concerns (Apart from Money)

senior couple sitting close together on a sofa under blanket
~ Abdul Majid Mohd Gani

The are other factors that you must consider apart from having enough money in your retirement fund. Other factors that you must attention are: Health issues and the cost of healthcare Loneliness and social isolation Loss of purpose or feeling of uselessness Difficulty adjusting to a change in lifestyle or schedule Difficulty staying mentally and … Continue reading Retirement Series – Other Retirement Concerns (Apart from Money)

Retirement Series – The Numbers

Retired gentleman with pink umbrella
~ Abdul Majid Mohd Gani

Let us look at some numbers. Table 1 below shows the figures that you will need at the age of 60in your retirement savings. AgeAt 60 Amount needed-25 YearsPresent Retirement FundAnnual Contribution ( 6%)Monthly50155,3743,089,0671,000,000294,35224,53140 254,7175,031,834500.000166,95213,91330 414,9078,196,32580,000108,4769,040Table 1 The first column of the first row, shows the age. If you are 50 years of age this … Continue reading Retirement Series – The Numbers

Retirement Series -Why We Are Not Planning Our Retirement?

man sitting on wooden bench wearing black leather jacket
~ Abdul Majid Mohd Gani

Why do we procrastinate planning our retirement? Most of us in a paid job will retire. Mandatory retirement differs between countries, most being in the bracket of 60 to 70 years of age. Unless we have a job that allows us to be employed until the day we die, very few of us can expect … Continue reading Retirement Series -Why We Are Not Planning Our Retirement?

Retirement Series – Retirement and The Need for Planning

man and woman sitting on brown wooden bench
~ Abdul Majid Mohd Gani

The commonly accepted term for life after a career is called retirement. Often seen as a reward after spending a lifetime at work. It can fun in the sun for some but for many it is often a time of fear. The fear is well founded, for when a career or job is finished, most … Continue reading Retirement Series – Retirement and The Need for Planning